China’s SenseTime amasses firepower for global AI push

This fundraiser follows hot on the heels of a $600 million capital round in April and values the AI unicorn at $4.5 billion: plenty of dry powder to pursue China’s global leadership ambitions in the field.

Chinese artificial intelligence unicorn SenseTime has raised $620 million to help finance its buildout across facial recognition, autonomous driving and medical imaging.

The series C funding round was led by Fidelity International, Hopu Capital, Silver Lake and Tiger Global. Qualcomm Ventures and other investment firms and strategic investors also participated.

This latest fundraiser gives it a valuation of over $4.5 billion, maintaining its position as the world’s largest and most valuable AI unicorn. Alibaba led the series C round of funding in April which collected $600 million.

SenseTime is not alone in raising capital to build out AI capabilities Baidu,...

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